Back on February 11 of this year, Jamie Dimon, the Chairman and Chief Executive Officer of JPMorgan Chase & Co., made a highly publicized purchase of 500,000 shares of his own company's stock, worth about $26.6 million at the time. The stock ended up hitting a bottom that day and has surged more than 25 percent since then.
Those 500,000 shares are now worth $33.85 million, gaining $7.25 million in value. The company's stock is now very close to a 52-week high that was set last November.
Just before Dimon made his purchase, JPMorgan shares dropped 20 percent and were hitting new two-year lows. The same day Dimon made his purchase, shares surged 8 percent and haven't looked back.
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